Login

419 Monroe Street Ne, Albuquerque, NM 87108

Albuquerque
Local realty services provided by:CENTURY 21 Champions, Inc.
419 Monroe Street Ne,Albuquerque, NM 87108
$5,317,173
  • 1 Beds
  • 1 Baths
  • 33,000 sq. ft.
  • Multi-family
  • Pending
Listed by: todd d clarke, kyle e deacon
Office: nm apartment advisors, inc.
MLS#:1092700
Source:NM_SWMLS

Price summary

  • Price:$5,317,173
  • Price per sq. ft.:$161.13

About this home

CORE AssetMeasures of investment performance at the ask price of $5,317,173 and current average rents of $914 a month are a GRM of 9.69, a 6.63% cap rate, $106,343 per unit, $163/sf, and an after tax internal rate of return is 16.8%And Value AddThe property is currently 20.3% below market rents at the adjoining, siter property and that does not take into account the double digit annual rent growth the market is enjoying. If the rents are raised to the market of $1,338, the metrics of investment performance improve to a cap rate of 11.51% and a cash on cash of 19.20%.This community is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits betw

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1960
  • Subdivision & Development:Heights Reservoir addition
  • Listing ID #:1092700
  • Added:321 day(s) ago
  • Updated:August 27, 2026 at 07:52 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Refrigerator
  • Living area:33,000 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Central, Forced Air

Structure and exterior

  • Year built:1960
  • Building area:33,000 sq. ft.
  • Lot area:1.23 Acres
  • Construction Materials:Block, Frame, Stucco
  • Exterior Features:Landscaping
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,317,173
  • Price per sq. ft.:$161.13
  • Tax amount:$22,224

Features and amenities

  • Appliances:Refrigerator

New listings near 419 Monroe Street Ne